By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to the latest report from the Brazilian Association of Real Estate Developers (ABRAINC) released yesterday, October 23rd, approximately 42,000 new homes hit the market, and 68,600 homes were sold from January to August of this year.

Those figures represent an increase of 9 percent and 3.4 percent respectively when compared to the same period in 2016.

Additionally, when drawn out over a twelve month period, 73,300 new homes were listed, with 105,300 homes sold during the period, an increase of 4.6 percent and 2 . . .

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